SFR will indeed still be standing when others long gone. Already Glencore has closed 2 HUGE Cu mines in Congo and Zambia and plenty will follow. Cu down 2.88% at LME close. Its going to be a tough day all round but very pleasing is that Japan mkt has stepped back from the abyss and is 17,695. If it stays there it will prevent a rout. US closed well off its lows and oil although down is rising these past 2 hrs. Expect ASX to drop 40 points which is half of what might have been had Japan stumbled.
EVs need about 25kg Cu and there'll soon be plenty around. At 2.30 its actually above late last week which touched 2.25. Key level is 2.20 and then 2.00. SFR will increase reserves by at least 50% with new finds so it remains pick of the bunch ESP if AUD tanks to say 68c. That would be a huge fillip. Can it happen? plausible esp as IO futures lokk very week.
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